FY update: Sales are virtually unchanged (Q4: -4.9%), whereas the EBITDA margin is up by 120bp to 14% (Q4: 14.7%). By division, Rice sales were up +0.5%, whereas the EBITDA margin progressed +150bp, reaching a record 15.3%. In Pasta, sales were up +2.5% with the margin up +60bp to 12.7% (with further improvement from quarter to quarter, Q4: 13.7% vs. 13.3% in Q3). Net profit is up 17.2% to €169.7m.
01 Mar 2017
FY according to plan
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FY according to plan
Ebro Foods SA (AZU:FRA) | 0 0 1.2% | Mkt Cap: 3,139m
- Published:
01 Mar 2017 -
Author:
Anna Zyniewicz -
Pages:
2
FY update: Sales are virtually unchanged (Q4: -4.9%), whereas the EBITDA margin is up by 120bp to 14% (Q4: 14.7%). By division, Rice sales were up +0.5%, whereas the EBITDA margin progressed +150bp, reaching a record 15.3%. In Pasta, sales were up +2.5% with the margin up +60bp to 12.7% (with further improvement from quarter to quarter, Q4: 13.7% vs. 13.3% in Q3). Net profit is up 17.2% to €169.7m.